Credit Planning Associate

Industry: Governance & Assurance

Company: Sumitomo Mitsui Financial Group, Inc.

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $90,000.00 and $135,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

This position supports the Chief Credit Risk Officer (CCRO) as well as Co-Head(s) of Credit Department Americas Division (CDAD), reporting to the Head of Credit Planning, CDAD. The team is responsible for developing, recommending, communicating and implementing credit risk management policies, strategies and operational guidelines for the organization and its various financial products.

This role is primarily responsible for engagement in strategic planning on credit risk management framework, business management and coordination, and reporting on credit risk related affairs to senior management, head office, and regulators in a timely manner.

Role Objectives: Strategic Planning & Business Management

• Routinely report credit related documentation within the department to senior management
• Prepare and coordinate materials for management committees, regulatory examinations and external / internal audits
• Produce reports on summary of credit portfolio and other metrics relevant to credit risk management
• Undertake other related tasks and projects as required and assigned by Risk leadership

Role Objectives: Risk Liaison

• Enhance the credit application processes, working with stakeholders in Americas Division and Head Office
• Maintains communication with Credit Officers, Front Office and Head Office to ensure credit standards / policies are fully understood
• Participate in the development of policies, control procedures and processes designed to ensure risk identification, mitigation and monitoring

Role Objectives: Special Credits

• Track and report criticized and classified assets, in compliance with Japanese and U.S. GAAP principles, such as self-assessment, write-offs, general and specific reserves
• Manages research and analysis of client’s financial performance, continuous monitoring of events and strength of credit portfolio
• Closely monitor relevant market indices as well as industry development

Qualifications

• Work Experience: Specialized experience in Finance or Banking environment. Credit risk management related experience or training program is helpful. Experience in / with regulators is preferable. Experience in analytical tasks preferable
• Education: Bachelor’s degree or equivalent is required; Finance or accounting knowledge required
• Language Skills: Business fluency in English is required. Japanese is preferable
• PC skills including Microsoft Power Point, Excel, and Word skills are required
• Excellent interpersonal, communication (written and verbal) skills
• Ability to work effectively with others and team oriented

Additional Requirements

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.